A divided Fed cuts interest rates again
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15hon MSN
New Fed rate cuts have lowered home equity borrowing costs. Here's how much a $100,000 home equity loan costs now.
The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.
Indian shares are set to open higher on Friday, extending gains after snapping a three-day losing run in the previous session following the Federal Reserve's rate cut, while investors await domestic inflation data due later in the day.
Jerome Powell has concluded his news conference following the announcement that the Federal Reserve will cut the country's key lending rate by a quarter point. This is the third reduction this year brings the key interest rate to 3.50% to 3.75%. Powell affirms the Fed's commitment to keeping inflation low and near the Fed's target.
The 10-year Treasury yield gets nowhere near the attention stocks do, but it can be a very important indicator.
Inflation remains above the Fed’s 2% target and Chair Jerome Powell signaled there is unease within the central bank about lowering rates too quickly. But the White House has leaned hard into rate